Memo: A Free Trade Agreement between the EU and Japan

The EU and Japan are pushing ahead with their negotiations for a Free Trade Agreement (FTA). The aim is for a comprehensive agreement in goods, services and investment eliminating tariffs, non-tariff barriers and covering other trade-related issues, such as public procurement, regulatory issues, competition, and sustainable development.

An agreement between the two economic giants is expected to boost Europe’s economy by 0.6 to 0.8 % of its GDP and will result in growth and the creation of 400.000 jobs. It is expected that EU exports to Japan could increase by 32.7%, while Japanese exports to the EU would increase by 23.5%

• Primary Source

European Commission: Rapid: MEMO/13/575: Joint press statement by the President of the European Commission José Manuel Barroso and the President of the European Council Herman Van Rompuy after their meeting with the Prime Minister of Japan Shinzo Abe in the margins of the G8 Summit http://europa.eu/rapid/press-release_MEMO-13-575_en.htm

ESO: Background Information: First Round of EU-Japan Trade Talks A Success http://www.europeansources.info/record/memo-first-round-of-eu-japan-trade-talks-a-success/

ESO: Background Information: Joint statement by the President of the European Commission, José Manuel Barroso, the President of the European Council, Herman Van Rompuy, and the Prime Minister of Japan, Shinzo Abe http://www.europeansources.info/record/press-release-joint-statement-by-the-president-of-the-european-commission-jose-manuel-barroso-the-president-of-the-european-council-herman-van-rompuy-and-the-prime-minister-of-japan-shinzo-abe/

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